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Machinist replied Jan 22, 2019I’m beginning to really worry. I suspect the big ones may have rolled out some new “volatility-eating” algos. I will be happily proven wrong and naïve by the nearest break out of this stupor.
EURUSD only
- Machinist replied Jan 15, 2019
It appears to have been mostly GBP pulling EUR down with it, especially between 4–5 pm UTC.
EURUSD
- Machinist replied Jan 13, 2019
The big dogs are reportedly long on EUR… Will be an interesting week or two.
EURUSD
- Machinist commented Jan 9, 2019
Comparing today’s EUR/USD and USD/JPY seems to further support the notion that we’re primarily seeing a weekness in USD, not so much a strength in EUR…
Draghi Will Be Passing on Baton With ECB in Populist Crosshairs
- Machinist commented Jan 9, 2019
They have rather little choice, I think. They’re a relatively small (however filthy rich) country, and they can’t just let their economy be butchered by the safe-haven allure of their currency.
Swiss National Bank expects annual loss of CHF 15 billion
- Machinist replied Jan 9, 2019
The first signs of foreign capital leaving the US market before it tanks…? Just guessing, really.
EURUSD
- Machinist commented Jan 8, 2019
Yep. Remember that the DXY chart is nearly identical to USD/EUR chart (EURUSD in reverse). Other factor to watch may be that the US stock market is yet much more inflated above levels just a few years ago; euro stock markets not so much. However, as ...
Draghi Will Be Passing on Baton With ECB in Populist Crosshairs
- Machinist commented Dec 17, 2018
Hardly so. There is no way for the big market to pocket the B-book clients’ losses. That money stays with the “casino”.
Trump says 'it is incredible' that the Fed is considering hiking interest rates again
- Machinist commented Dec 17, 2018
I’m not a very seasoned trader yet, but I would guess that even as the Fed does go forward with the expected hike, the USD is then going to weaken anyway, since this will have been about the last hike the markets could bet on with high probability.
Trump says 'it is incredible' that the Fed is considering hiking interest rates again
- Machinist replied Nov 23, 2018
So long only as it does not turn them into losses.
Questions about leverage...
- Machinist replied Nov 22, 2018
With regards to leverage, only once you have a definite trading strategy, then it is possible to determine how much leverage can be applied to that strategy without breaking it. Reliably does leverage always multiply risk and losses only.
Questions about leverage...
- Machinist replied Nov 22, 2018
Every trade moves the market in principle — precisely because the retail broker has to service any imbalance from its in-house clearing on the wider market. Do notice that opening a position is a trade, and closing the position is in principle a ...
Questions about leverage...
- Machinist commented Nov 14, 2018
“Meanwhile we have very little reason to believe that the Trump Administration will change its protectionist trade policies.” Not necessarily a correct assumption. Give Trump a semblance of victory, and he will flip on a dime. It’s just a matter of ...
Don’t be Fooled by the Pullback in the Dollar
- Machinist commented Nov 14, 2018
Better yet, customise the news page to your heart’s delight. Geez, this is a free service, and it is pretty good as such.
UBS Trader Accused in Insider Case Bought 3-Liter Bottles of Cristal
- Machinist commented Nov 4, 2018
“The consensus expects the Democrats to win the House…” I doubt Mr. Consensus is right on this. The upcoming week might take him for a ride.
Mid-terms are key for the US dollar
- Machinist commented Nov 4, 2018
Parliamentary elections every now and then are indeed a never-ending “re-vote on everything”. Few people expect elections will ever stop taking place once every one is satisfied.
Business leaders join call for second vote on Brexit
- Machinist commented Nov 4, 2018
Efforts to implement the vote have been made, and the outlook seems horrible. This can be likened to a general election resulting in such a parliament that cannot form a functioning government despite repeated efforts to do so. Then you need to ...
Business leaders join call for second vote on Brexit
- Machinist commented Nov 4, 2018
Because they had a deal with Iran to not build nukes, and Trump decided to blow that deal up. It’s their way of keeping the deal, Trump notwithstanding. Easy peasy.
Iran seeks European assurances as U.S. oil sanctions loom
- Machinist commented Nov 2, 2018
Where does the largest chunk of Australia’s exports go? If there’s a trade deal, who will buy a lot of these exports? If there’s a trade war, who might buy less of it? That’s largely how the markets see AUD’s fortunes.
Trump said to ask cabinet to draft possible China trade deal
- Machinist commented Nov 2, 2018
Not related to any currency? AUD is the currency to watch here. It’s very much related to it. Read up on the fundamentals, man.
Trump said to ask cabinet to draft possible China trade deal